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IURC caps ratepayers’ share of Edwardsport plant at $2.6B
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
Pacers’ tip against Bulls to be rescheduled
The Indiana Pacers’ game with the Chicago Bulls scheduled for Wednesday night at Bankers Life Fieldhouse was postponed due to weather conditions. The game will be rescheduled and announced at a later date, according to team officials. Tickets for Wednesday night’s game will be honored for the rescheduled game.
City calls in contractors for plowing
Following Wednesday’s 7-inch snowfall, the Indianapolis Department of Public Works called on 50 private contractors to get another 350 snow plows to clear the city’s residential streets. With some 4,000 miles of side streets throughout the city, DPW has asked residents to be patient. A DPW spokesperson said it was too early to estimate the cost or the time frame for snow removal. The last time DPW needed to hire contractors for residential areas, it cost the city roughly $250,000.
Indiana retailers in dumps after tepid holiday sales
Public companies in the retail sector, including Indianapolis’ Finish Line and HHGregg, have watched their stock prices dwindle in the days before and after Christmas.
Kite continues Southeast push with $37.3M in acquisitions
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
McAfee, not Luck, is Colts’ biggest Pro Bowl snub
Despite being one of the NFL's best tackling kickers or punters, Colts' Pat McAfee is passed over for the Pro Bowl yet again.
Former brokerage VP suing for sex, age discrimination
Attorneys for Dana Hurst say in a Dec. 20 court filing that David A. Noyes & Co. didn’t grant her pay increases or year-end bonuses during her last 15 years on the job, while male counterparts were better rewarded.
No deal in sight as deadline for fiscal cliff nears
Lawmakers are engaged in a playground game of "who goes first," daring each political party to let the year end without resolving a Jan. 1 confluence of higher taxes and deep spending cuts that could rattle a recovering, but-still-fragile economy.
David Letterman and Co. kept quiet at Kennedy Center honors
Native Hoosier talk show pioneer among honorees at gala, aired Dec. 26
The Fashion Mall upgrade: Kate Spade, Lucy, Microsoft
More top-shelf, first-in-Indiana retail shops have inked deals to join the lineup at The Fashion Mall at Keystone. And more.
Fort Wayne church insurer plans to add 102 jobs
Brotherhood Mutual Insurance Co. expects to hire the employees by 2016 as part of a $15 million expansion that includes building a 54,395-square-foot facility at its headquarters.
Toyota reaches $1B-plus settlement in acceleration cases
The company said the deal will resolve hundreds of lawsuits from Toyota owners who said the value of their cars and trucks plummeted after a series of recalls stemming from claims that Toyota vehicles accelerated unintentionally.
REWIND: IBJ’s top 10 business stories of 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
Indy airport braced to host stranded passengers
Indianapolis International Airport officials are prepared to provide hundreds of stranded passengers with something to sleep on, and restaurants will stay open late to serve them.
Competition blamed for state casino revenue drop
The latest state revenue forecast projects annual casino tax revenue will decline by about $42 million, or 9 percent, for the second year of the new two-year state budget.
Seven spend X-mas morning in hospital
A driver and six passengers were transported to St. Vincent Hospital for treatment early Tuesday morning after their van struck a pole at the intersection of 82nd Street and College Avenue. Three adults and four children were in the vehicle at the time of the crash. Officials on the scene suspected that the driver, who needed to be extricated from the vehicle, suffered leg and internal injuries.
Government offices close during storm
Several city and town government offices in central Indiana closed Wednesday due to blizzard conditions. The city of Indianapolis closed all non-essential offices, as did Columbus, Greenwood and Noblesville. For a list of significant closures, including schools and major employers, click here.
Irvington groups save landmark from demolition
The former post office at Washington Street and Ritter Avenue once anchored a commercial hub in the historic neighborhood. About $400,000 in repairs are expected before the groups attempt to flip the property for a new use.